The impact of negative news on public perception of inflation
Книги

The impact of negative news on public perception of inflation

Книги

The impact of negative news on public perception of inflation

Evstigneeva, A. The impact of negative news on public perception of inflation / A. Evstigneeva, D. Karpov; The Central Bank of the Russian Federation, Monetary Policy Department, The Central Bank of the Russian Federation, Volga-Vyatka Main Branch. — Moscow : Bank of Russia, february 2023. — 31 p.: il.. — (Working Paper Series; # 111). — References: p. 22-24.

Аннотация

This study presents a novel approach to distinguishing the news that has the greatest impact on households’ perception of inflation. Narrowing down the long list of all news items to only the strongly negative requires taking into account the concept of rational inattentiveness by the implementation of a 'too costly to ignore' principle. To accurately determine important negative news, we use data from Russian Public Opinion Research Center (VCIOM) polls about the threats to and fears of Russians.
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